It appears the market may skip over the boring and cumbersome “consolidation” phase and go straight up again. If you go with the concept that “it’s all a conspiracy” and “mutual fund madness STARTS NOT,” it’s easy to understand why we are melting higher. Year to date, the dollar is up and our markets are outperforming. That’s right, the U.S. markets are doing better than most foreign markets and our dollar hasn’t cratered. Naturally, it’s only a matter of time before the dollar really nosedives. However, as of now, the dollar has been a non-event for 2010.
Having said that, from an investors stand-point, it makes little sense to hold a lot of cash here, ahead of “window dressing” season. Fund managers need to own stocks and they need to own them now. Hence, the race to position correctly should be your priority.
Bottom line: I will likely put a lot of cash back to work today. Ebb and flow with the emotions of the market: that’s what I do.
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It sounds like you are not hating us anymore.
Good, tis the season to be jolly.
I have no cash; all in the market.
I’m long oil, you are short;
feels like a coin flip at the moment.
But I am heavily long oil stocks, so it’s a wash.
Just curious Fly, why pick SCO?
It does not track $WTIC or Brent.
SCO treats me good.
LOL, I say the same thing about UCO!
what? UCO/SCO track crude light exactly on a DAILY BASIS .. private report was bullish last night , i’m staying short unless we break 89.26
If you go the website of UCO it says it does not mimic $WTIC or Brent.
see you at 1200 boss
Huggie,
TLT is heading to mid-80s in due time;
1250 will come first me thinks.
TLT yields are getting interesting here…and Big Ben doesn’t not want them too high.
i will stop out at 95, so while i hope you are wrong, i will deal with it.
95 on a weekly closing basis, that is…so guess i am out monday morning unless something drastic happens.
not so sure about that.
me either…more wishful thinking than anything probably. But i too am pigheaded, to a point.
1200 or 12000?
Careful with those oil stocks, that nasty reversal in the OIH yesterday is not a one-day event.
Anyone have an oppion on Q still holding?
TXN slows down the semis, which slows down the mo-mo tech crowd.
NVLS rated top pick at RBC this AM with a target of 36.
INTC BRCM blowing off TXN update.
NVLS update was pretty good yesterday PM.
I like semi-cap, but semis have priced in too much good news and need a pullback.
I thought so also several months ago but the price action says otherwise.
For example both ALTR and XLNX were downgraded this AM and both are up about 1%.
INTC is pretty much a value stock now.
I will ride them in and out daily until the musical chairs stop.
H&R Block – company hasn’t been the same since it sold CompuServe…but might be worth a shot here…$12 should hold.
netflix selling off?
so sad…
just like RC said, the banks are perking up today..
Fly,
You still holding GMO? its been in a nosedive ever since you bought it.
sold it
I dunno, market seems shaky.
SLE great unemployment play. Invest in obesity.
I heard this blog has an opening for a ninja